MIC Group of Companies

MIC Group of Companies is a developing full-cycle development company that, as of March 2023, operates in the real estate market in Moscow and the Moscow Region.

History

2023

The purchase of MIC cost the PIK group 45.6 billion rubles instead of the expected 40 billion rubles

The purchase of the MIC developer cost the PIK group 45.6 billion rubles instead of the expected 40 billion rubles. This amount is indicated in materials published on the corporate disclosure website at the end of October 2023. The deal was the largest in the Russian housing sector in its history.

The plane buys MIC for 40 billion rubles

On June 20, 2023, the Samolet group announced the purchase of the MIC development company. The amount of the transaction, according to TASS and RIA Novosti sources, is 40 billion rubles.

The perimeter of the transaction will include the entire existing business of the MIC Group of Companies: projects under construction and promising, including land plots in the Moscow region, all tangible and intangible assets, including all management companies, networks and head facilities for the construction and operation of residential complexes, intellectual property rights. Payment of the transaction will be carried out by the Airplane group in cash in several tranches with the involvement of bank financing.

Group Airplane announced the purchase of MIC

Under the terms of the agreement, Samolet acquires more than 50 companies included in the MIC Group of Companies, as well as a land bank in Moscow, New Moscow and the Moscow Region, which includes 11 projects under construction and design. At the same time, the Samolet group will undertake in full all obligations to clients of the MIC Group of Companies for client support, completion of construction and operation of residential complexes.

We acquire a very high-quality asset - one of the best portfolios in the Moscow market in terms of quality, scale and location of projects, which largely complements our current portfolio. The acquisition of MIC Group of Companies will allow us to significantly expand the land bank, strengthen its position in the market of the Moscow region and reach the current construction volume of 4.2 million sq.m. throughout Russia, - said Anton Elistratov, General Director of the Samolet group.

According to him, Samolet intends to integrate the new portfolio of projects into the Moscow business unit, using its own approaches in the field of procurement, sales, construction of city blocks and customer service.

As one of the sources told RIA Novosti, the previous owner of the MIC Andrei Ryabinsky plans to develop his own IT project.^[1]

Notes